What happens if I need to change the discount rate on a lease?

Changing the discount rate after Journal Entries have been recorded is not recommended.

If the discount rate is changed from the Edit Lease screen, the changes will be treated as if the lease had been entered that way since commencement and the Amortization Schedule may then be out of alignment with Financial Statements. 

If the discount rate is changed after the lease began, prior journal entries will need to be trued up to the updated entries and amortization schedule. 

To preserve prior balances, any changes should occur through the Revision workflow. This will apply the changes as of the revision date on a go forward basis, freezing the original lease and entries.